Tag: Navratri steel demand
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India: Alang’s scrap prices remain unchanged d-o-d as buyers remain cautious
Gujarat buyers expect post-Navratri scrap price recovery Mandi scrap prices fall INR 700/t as mills limit purchases Alang’s ship-breaking melting scrap prices (HMS 80:20) remained stable d-o-d at INR 36,800/tonne (t) ($387/t) ex-yard on 14 October 2026. However, persistent weakness in downstream steel markets continued to weigh on buyer sentiment. Declining billet and rebar prices across…